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372 comments
  • I think people rightly don't believe it because it's apparent that the economic machine in the United States is not built for the benefit of the average worker, it's built for the benefit of the capitalist class that's captured the government. Republicans may be more up front about upholding the status quo, but there are plenty of corporate Democrats that will support the same status quo while chasing the social capital that comes with agitating for change that more progressive groups are pushing for.

    People don't have faith when they're constantly sacrificed at the altar of "the economy" without seeing any of the benefits of an improving economy. For a good example, look at how the BNSF rail strikes were resolved before Christmas last year. Rail workers were striking for very reasonable things like 7 days of sick leave per year (up from literally 0, per the contract they had with BNSF) and appropriate staffing to prevent emergencies (like what happened in East Palestine, Ohio in early 2023), and what did Biden do? Biden, the guy who campaigned as one of the most pro-labor and pro-union presidents in recent history, stabbed them in the fucking back and made it illegal to strike because an unstable supply chain around Christmas spelled "economic catastrophe". Biden would rather go to bat for a large corporation than for the workers that corporation is shamelessly exploiting.

  • Well, yes. If you are a high-income earner or if you make most of your money from rents or investments ... the 'economy' is strong. For the rest of us - we have to make choices between healthcare and food.

  • Whenever I read the term “the economy” my brain substitutes the words “rich people’s yacht money” because I’ve never been affected by it one way or the other.

    Good for them and their yachts though.

  • This is the best summary I could come up with:


    But two-thirds of Americans are unhappy about the economy despite consistent reports that inflation is easing and unemployment is close to a 50-year low.

    But Harris’s data also shows that fears are widespread – and reinforced by disbelief of or ignorance about official figures and a mistrust of the media’s reporting of them.

    The results paint a difficult picture for Joe Biden, who is making “Bidenomics” – his economic policy record – a central plank of his re-election platform.

    Biden supporters have just launched a $13m advertising campaign extolling the president’s economic achievements, which include a landmark $1.2tn infrastructure and climate bill, massive investment in domestic microchips production and green energy solutions.

    The widest measure of economic growth – gross domestic product – increased at a 2.1% annualized rate last quarter and has been steadily improving since the Covid downturn.

    Americans either view the economy through their politics or aren’t feeling it in real life, or both,” said John Gerzema, the CEO of Harris Poll.


    The original article contains 761 words, the summary contains 165 words. Saved 78%. I'm a bot and I'm open source!

  • Then why is the supply chain still fucked? Store shelves still look picked over/overpriced and I constantly have to wait for pharmacies to restock basic medications. And don't even get me started on the rollercoaster that is daily gas prices. I don't give two fucks if CEOs are doing well. The people are NOT doing well. Every other day we see some asinine article where some blowhard CEO is complaining about people are "lazy." People aren't lazy, they are apathetic because there's nothing to gain from hard work anymore.

372 comments